Clever.. very clever. If any state employee refused federal requests for these addresses, they would be harboring fugitives. Thank you @GovWhitmer for helping us root out the illegal population that is bankrupting us!

Tag Archive for Bailouts

10x25MM has done a fine job pointing out the DPS foibles, and this morning reminds me that bankruptcy really was the legitimate option for the failed district. It appears that even after 617 Million has been approved, no one knows who is in charge yet. From the Detroit News:

Davis, who has been board president for two years, on Sunday said Lemmons was making his move.

“LaMar Lemmons is trying to hijack the ship, but he is not currently the president, even though he would like to be.”

Both insist they are following the June 9 board meeting results even though the stint is short..

Boys. boys… Just remember, the Captain goes down with the ship.

In any event, I mentioned election efforts, right? Below is a radio ad I have prepared to run this coming week, and then again closer to the election. I thought it might be of interest, and that THIS TOO might be of interest. Higher taxes.. Right?

Its for the children, right? HB5296, a $48.7 Million bill to get DPS through the school year, met little resistance from our state legislature, with seven senate, and only four house members opposing the final package. How could anyone vote to essentially close the doors? Its a valid question, and the intent should be considered honorable. However, an honest assessment of the overall situation can only remind us that it is with the best intent that we fail our children once again.

If the vote to hand over the money eradicated all debt, and set the course for district solvency, it would be hard to argue against such logic. However, the greater debt and liability still exists, and the precedent is set for the remaining $700,000,000 bailout that is next to come for DPS. Even that number is of questionable sufficiency, and is likely to be higher. Even with a bailout of this magnitude, it would be foolish to think it would be the end of hands out from a district that has produced 25% graduation rates, all the while receiving the highest per capita foundation payments.

Let us not forget also, that Detroit Schools represent only a part of the state’s public education apparatus. To be sure, it is not the only school district in Michigan that is facing obligations that seem insurmountable. What are we to do next when Grand Rapids Schools, Lansing, or even Traverse City Area Public Schools cry “No Mas!” throwing up their hands in futility?

Not its own taxpayers mind you, but nevertheless, it has a spigot it can apparently turn on at will. A Granholm era program that somehow still exists and ‘guarantees Detroit HS graduates two years of college will apparently come out of the taxes collected for schools. Even after getting the State bailout money going forward?

Duggan on Tuesday said that in the 2018-19 tax year tax dollars from the growth of the city will start to go into the scholarship fund.

“What the chamber has done is raise the money to create a bridge for that,” he said. “We can’t expect the chamber to raise scholarship money forever. This is the way that it was intended to work. They’ve done a wonderful job in the short-run. We will have funding out of the education tax in the long-run.”

The city forecasts the tax capture, once effective, would provide funding for the next two decades, ranging from $1 million per year up to $4.5 million projected in 2035, according to property value estimates rooted in the city’s bankruptcy Plan of Adjustment.

Passed 104 to 5 in the House on March 17, 2016, to appropriate $48.7 million to keep the insolvent Detroit school district afloat until the end of the current school year. This is essentially a “down-payment” on a larger bailout package whose details have yet to find a consensus (the House majority wants more education reforms). The bill essentially “borrows” the money from a state account used to pay for college scholarships, and also places the Detroit school district under the same state oversight commission created to oversee the city after its 2014 bailout(see House Bill 5385).Who Voted “Yes” and Who Voted “No”

“we just need to get em to the end of the school year,” right?

Anyone who thinks there will be a plan from the current legislative slurry to fix the fundamental problems with the DPS is lying to themselves.

Some information from the Michigan Association of Public School Academies

MAPSA notes that the the poll is very timely, because the bailout is up for a vote today.

As expected, Michigan voters strongly oppose using taxpayer money to pay off the Detroit Public Schools’ $715 million in debt, according to a new poll by the Marketing Resource Group (MRG). The poll of 600 likely Michigan voters, commissioned by the Michigan Association of Public School Academies, was conducted Feb. 22-27.

Statewide, only 33 percent of voters favor using taxpayer money to pay off DPS’ debt, while 56 percent oppose it (with most of those saying they “strongly” oppose it). Even among Detroit voters, sentiments are almost evenly split, with 40 percent favoring the bailout and 38 percent opposing it. In the entire Metro Detroit region, the bailout also isn’t popular, with only 37 percent favoring it and 52 percent opposing it.

$47 billion for 2012, and now asking $53 billion…and an estimated $2 billion more each year in tax increases proposed in Prop 1…Just where is all this money going???…Let’s follow some (most) of it…I have…

“Bottom line, I strongly endorse Brian Ellis because he will be an effective conservative voice and a consistent conservative vote for solutions that will help hardworking Michigan taxpayers,” Hokestra said. “Brian Ellis will not just talk conservative, but he will vote conservative.”